The PRC's ban on iPhones will likely have little impact on the tens of millions of smartphones expected to be sold in China next year. Private sector demand will more than make up for the public sector restriction as Apple is ready to unveil its newest models — the iPhone 15 and iPhone 15 Pro — next week.
Apple is finding itself in a tricky situation as China continues to encourage domestic technology manufacturers' growth and reduce foreign companies' influence amid heightened Beijing-Washington tensions. The ban reflects Apple's vulnerability in the Chinese market.
There's an 18% chance that China's GDP will overtake the US before 2030, according to the Metaculus prediction community.